Asked by Emilly Ortega on May 25, 2024
Verified
The European Union includes all of the following except:
A) Capital mobility across member countries
B) Labor mobility across member countries
C) A common monetary and fiscal policy
D) Common labor laws regulating unions and collective bargaining
European Union
A political and economic union of 27 European countries that are located primarily in Europe, aiming to promote peace, stability, and economic cooperation among its members.
Capital Mobility
The ease with which capital or investments can move across borders in response to differences in return or risk, impacting global trade and investment decisions.
Common Labor Laws
Laws that regulate the legal obligations between employers and workers, including wages, working hours, safety, and rights to organize.
- Assess the role of major global institutions and policies in shaping international economic relationships.
Verified Answer
NA
Nisha AroraMay 28, 2024
Final Answer :
D
Explanation :
While the European Union does have policies that regulate labor mobility and workers' rights, it does not have common labor laws regulating unions and collective bargaining. These are generally left up to individual member countries to decide.
Learning Objectives
- Assess the role of major global institutions and policies in shaping international economic relationships.